Avison Young completed the $4.3 million sale of the current United Way of Palm Beach County headquarters location, a two-building office campus totaling ±22,232 square feet located at 2600 Quantum Boulevard within Quantum Corporate Park in Boynton Beach. The sale also included a ±0.6-acre development parcel which can be used for additional parking or a third building.
Avison Young’s Jonathan Satter, Principal and Managing Director of the firm’s West Palm Beach operations, Mark Rubin, Vice President, and Keith O’Donnell, Principal, represented the seller, United Way of Palm Beach County, Inc., and combined their unique expertise to execute the successful disposition to The Grapevine House, LLC.
Legal representation to the seller was provided by Shutts & Bowen LLP’s Art Menor, Partner, and Adam Bregman, Associate.
“Our multi-disciplined team was hired by United Way of Palm Beach County to develop and implement a proactive strategy to address the organization’s long-term office space needs for its headquarters due to our firm’s full-service, collaborative approach to servicing our clients,” said Satter. “The strategic plan we designed included selling the current occupied facility and identifying a new location that better suits the nonprofit’s operational and fiscal needs. Additionally, as part of the sale, Mark negotiated a short-term sale lease-back of part of the property to facilitate the relocation.”
The firm donated a portion of its commission on the sale of 2600 Quantum Boulevard to the nonprofit.
“Avison Young was the perfect fit to handle our relocation. They understand the market as well as the needs and nuances of our organization,” said Laurie George, President & CEO of United Way of Palm Beach County. “We are very excited about the sale of our building as it will allow us to build United Way’s endowment, further reducing our overhead and enabling us to invest even more back into our community.”
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